Monthly Archives: August 2021

Examining Bitcoin’s “Coin Days Destroyed”

With bitcoin price up around 70% over the last five weeks, Bitcoin’s “coin days destroyed” metric isn’t reacting as normal. The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The topic of today’s Daily Dive will be coin days destroyed, and examining the recent trends surrounding this metric. The metric “coin days” was first brought up as “bitcoindays destroyed” […]

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Analysts say Bitcoin price pullback and profit-taking at $50K ‘was expected’

Traders say a correction to lower support levels and standard profit-taking was expected after Bitcoin’s swift ascension to $50,000. The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected.  Data from Cointelegraph Markets Pro and TradingView shows that following its rejection, the price of Bitcoin slid to a low of $46,457 before bulls managed to regroup and put a halt […]

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Altcoins sell off while exchange listings boost COTI and Conflux Network

Crypto markets sold off on Thursday, but data from Cointelegraph Markets Pro shows COTI and CFX rallied after new exchange listings. Bears pressed harder on the market on Aug. 26 after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses. While most of the market is seeing red, a few altcoins managed to notch notable gains due to exchange listings and new staking opportunities. Top seven coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from […]

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K1, The First Bitcoin ATM Designed And Built In El Salvador

Edgar Borja, CEO of Kioskos K1, has created the first Bitcoin ATM designed and built in El Salvador. Edgar Borja, CEO of Kioskos K1, has created the first Bitcoin ATM designed and built in El Salvador. The K1 can act as a host for Bitcoin wallet platforms such as Strike. The machine is fully Strike payment enabled. The kiosk can accept payments in bills and send Bitcoin to a user’s Strike wallet. Strike is the most popular Bitcoin payment platform in El Salvador and was instrumental in […]

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Coinbase hires former Facebook exec as chief marketing officer

The new executive said she hopes to “introduce millions more people to the benefits of crypto.” Kate Rouch will be joining major cryptocurrency exchange Coinbase after more than 11 years in various positions at Facebook.  In a Thursday blog post, Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media […]

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Think You’re Late To Bitcoin? Think Again

Beware of the “I missed the bus” bias, change your perspective, and enjoy that global adoption is still low to stack cheap sats. ​Upon one’s first encounter with Bitcoin, a mixture of feelings, actions, and thoughts usually take place. They might feel empowered to have money they can fully control or satisfied for having secured a piece of the limited amount of bitcoin that will ever exist. But they can also feel both, and often a wide variety of other feelings find a new home in the […]

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Major hotel in Swiss Alps now allows crypto payments

The Chedi Andermatt has 123 rooms and suites going for as low as 1,300 francs per night in the high season, or roughly 0.03 BTC or 0.45 ETH. After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC)  and Ether (ETH) as payment from guests. According to an Aug. 26 report from Swiss news outlet Blick, guests at the Chedi Andermatt hotel are now allowed to settle bills of more than 200 Swiss francs — roughly […]

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Chainlink (LINK) looks for momentum while pro traders target $40

LINK price is struggling to maintain its bullish momentum but derivatives data shows a clear path to $40 in the long term. Chainlink (LINK) is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights like Huobi’s ECO Chain, the Hedera Governing Council, and Alchemix.  Launched in Oct. 2020, Chainlink’s verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (dApps). VRF provides an automated source of randomness to ensure prizes and rewards are issued […]

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Will Polkadot save decentralized finance from Ethereum’s scaling problem?

Polkadot is trying to achieve scalability without compromising network security. Early signs suggest it may beat Ethereum 2.0 in the transaction fee race. Web3, interoperability, and layer 0 are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the Internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously.  For starters, imagine a world where Facebook is replaced by a decentralized social media application built on Polkadot. […]

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‘Don’t kill crypto’ billboard goes up in Alabama in advance of House tackling infrastructure

“We want members of Congress to know that we’ll be watching them and that we won’t let them hide from their positions on this,” said Evan Greer. Digital rights advocacy group Fight for the Future has publicly called out Alabama lawmaker Richard Shelby for preventing an amendment clarifying the role of crypto in the infrastructure bill to be addressed in the United States Senate. Fight for the Future has used donations it received in cryptocurrency to place a billboard in Birmingham, Alabama asking lawmakers not to support […]

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